Vacuum Blood Collection Tube Market by Product and Geography - Forecast and Analysis 2022-2026

The vacuum blood collection tube market share is expected to increase by USD 906.90 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.33%.

This vacuum blood collection tube market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers vacuum blood collection tube market segmentation by product (serum separating tubes, EDTA tubes, heparin tubes, ESR tubes, and glucose tubes) and geography (North America, Europe, Asia, and ROW). The vacuum blood collection tube market report also offers information on several market vendors, including Becton Dickinson and Co., CML Biotech Pvt. Ltd., ELITech Group, FL MEDICAL srl Unipersonale, GPC Medical Ltd., Greiner Bio-One International, Narang Medical USA Corp., SARSTEDT AG and Co. KG, Sekisui Chemical Co. Ltd., and Streck Corp among others.

What will the Vacuum Blood Collection Tube Market Size be During the Forecast Period?

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"US has started outsourcing laboratory experiments to India as highly specialized tests are 70%-80% less expensive in India than in the US"

Vacuum Blood Collection Tube Market: Key Drivers and Challenges

The increasing prevalence of chronic conditions is notably driving the vacuum blood collection tube market growth, although factors such as shortage of trained professionals may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vacuum blood collection tube industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Vacuum Blood Collection Tube Market Driver

A vacuum blood collection tube is used in blood collection for diagnostic tests for many chronic diseases. In line with this, the increasing prevalence of chronic conditions, such as cancer, cardiovascular diseases, and neurological diseases, is expected to trigger the demand for vacuum blood collection tubes, which will subsequently drive the growth of the vacuum blood collection tube market during the forecast period. The prevalence of cancer and cardiovascular diseases is growing across the world. The high incidence of cancer is increasing the demand for cancer screening and diagnoses, which is expected to drive the growth of the global vacuum blood collection tube market during the forecast period. Similarly, the increasing prevalence of other chronic conditions, such as cardiovascular diseases and neurological disorders, will augment the demand for vacuum blood collection tubes during the forecast period.

Key Vacuum Blood Collection Tube Market Challenge

Processes involved in blood testing require accurate interpretation of results, and researchers must be aware of what analysis to carry out and how to correlate it with the overall objective of the experiment. Hence, for successful research experiments, researchers need to have proper knowledge of the science involved. Therefore, the process of blood collection must be performed by highly skilled personnel. The adoption of critical experiments is relatively new in the developing countries of APAC, Africa, and South America. Most laboratory technicians are not trained adequately on the latest technology in laboratory equipment and its benefits. Besides, there is a shortage of trained professionals who can handle technologically advanced diagnostic devices. The lack of expertise increases the probability of wrong diagnoses. Hence, the shortage of trained professionals will affect the growth of the market during the forecast period.

This vacuum blood collection tube market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Market Overview

 By 2026, the market structure would continue to be fragmented. Its lifecycle stage would continue to be in the growth phase. The market characteristics have been analyzed considering: Lifecycle stage of the market ? innovation vs. growth vs. maturity Structure of the market ? fragmentation vs. concentration Impact of external forces ? disruptive and regulatory forces on the market Market behavior of the participants to capture organic growth (innovation) vs. inorganic growth (M&A activity).

Who are the Major Vacuum Blood Collection Tube Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Becton Dickinson and Co.
• CML Biotech Pvt. Ltd.
• ELITech Group
• FL MEDICAL srl Unipersonale
• GPC Medical Ltd.
• Greiner Bio-One International
• Narang Medical USA Corp.
• SARSTEDT AG and Co. KG
• Sekisui Chemical Co. Ltd.
• Streck Corp

 

This statistical study of the vacuum blood collection tube market encompasses successful business strategies deployed by the key vendors. The vacuum blood collection tube market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The vacuum blood collection tube market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Vacuum Blood Collection Tube Market?

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36% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for vacuum blood collection tubes in North America. However, the market growth rate in this region will be slower than the growth of the market in Asia.

The high rate of blood transfusion will facilitate the vacuum blood collection tube market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Vacuum Blood Collection Tube Market?

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The vacuum blood collection tube market share growth by the serum-separating tubes segment will be significant during the forecast period. Serum-separating tubes are used for medical clinical chemistry tests requiring blood serum. The rising prevalence of chronic diseases, technological advances, the growing number of awareness programs to ensure the early diagnosis of diseases will increase the use of serum-separating tubes and drive the growth of this segment of the market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the vacuum blood collection tube market size and actionable market insights on post COVID-19 impact on each segment.

 

Vacuum Blood Collection Tube Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.33%
Market growth 2022-2026	$ 906.90 million
Market structure	Fragmented
YoY growth (%)	7.02
Regional analysis	North America, Europe, Asia, and ROW
Performing market contribution	North America at 36%
Key consumer countries	US, Germany, UK, China, and Canada
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Becton Dickinson and Co., CML Biotech Pvt. Ltd., ELITech Group, FL MEDICAL srl Unipersonale, GPC Medical Ltd., Greiner Bio-One International, Narang Medical USA Corp., SARSTEDT AG and Co. KG, Sekisui Chemical Co. Ltd., and Streck Corp
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Vacuum Blood Collection Tube Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive vacuum blood collection tube market growth during the next five years
• Precise estimation of the vacuum blood collection tube market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the vacuum blood collection tube industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of vacuum blood collection tube market vendors

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